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Foreign automakers double down on China bets despite slowing growth| Reuters

Apr 19, 2015 at 13:45 | Source: FirstPost

SHANGHAI (Reuters) - Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.Market leaders Volkswagen AG and General Mot...

Russia to invest $2 bn into building energy pipeline in Pakistan: Is India ready for the challenge?

Apr 19, 2015 at 10:31 | Source: FirstPost

In the fast-changing geopolitics in its neighbourhood, India needs to watch Russia from the Pakistani prism and Pakistan from the Russian prism.This should sum up the state of affairs in the newly emerging India-Pakistan-Russia triangle where the Uni...

China says to accelerate reforms to support yuan in IMF currency basket| Reuters

Apr 19, 2015 at 08:45 | Source: FirstPost

WASHINGTON (Reuters) - Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday.In a state...

IMF nations point to exchange rate, geopolitical risks| Reuters

Apr 19, 2015 at 08:24 | Source: FirstPost

WASHINGTON (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven pro...

Youth e-cigarette data prompts new calls to speed regulation| Reuters

Apr 18, 2015 at 22:30 | Source: FirstPost

WASHINGTON (Reuters) - Public health advocates are stepping up pressure on the U.S. government to quickly regulate and restrict access to e-cigarettes after new data showed use of the products tripled among high school and middle school children last...

Wall St Week Ahead - Investors look to earnings for market direction| Reuters

Apr 18, 2015 at 21:30 | Source: FirstPost

NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. The S&P dropped 1.1 percent on F...

China fines Alibaba $129,000 for pricing violations| Reuters

Apr 18, 2015 at 21:15 | Source: FirstPost

SHANGHAI (Reuters) - China's e-commerce giant, Alibaba Group, has been fined 800,000 yuan ($129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms. Since Alibaba t...

China says to accelerate reforms to support yuan in IMF currency basket - Xinhua| Reuters

Apr 18, 2015 at 20:45 | Source: FirstPost

SHANGHAI (Reuters) - China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country's currency to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as Special Drawing Rights (SD...

Rahul's back: Gandhi scion tells farmers he will fight decisive battle against Land Bill

Apr 18, 2015 at 20:22 | Source: FirstPost

New Delhi:Making his first public appearance after his nearly two-month long absence, Rahul Gandhi today declared that he will oppose tooth and nail the Land Acquisition Bill and make the government heed to the demands for its withdrawal.Holding two ...

Will tax terrorism reach your home? Jaitley wants to know where did you go last year

Apr 18, 2015 at 18:37 | Source: FirstPost

The NDA came to power promising, among other things, freedom from arbitrary tax demands, especially those appliedretrospectively. Finance Minister Arun Jaitley has repeatedly promised an end to tax terrorism from many fora. One presumes these promise...

Jibes and tall claims: PM Modi's three-nation tour showed weakness not strength

Apr 18, 2015 at 17:49 | Source: FirstPost

It is most unfortunate that Prime Minister Narendra Modi has chosen to break convention by severely criticizing previous governments on foreign soil. In global diplomacy this is not done. You will never hear US President Obama attacking his predecess...

Will tax terrorism reach your home? Arun Jaitley wants to know where you went last year

Apr 18, 2015 at 16:56 | Source: FirstPost

The NDA came to power promising, among other things, freedom from arbitrary tax demands, especially those appliedretrospectively. Finance Minister Arun Jaitley has repeatedly promised an end to tax terrorism from many fora. One presumes these promise...

Will tax terrorism reach your home? Jaitley wants to know where you went last year

Apr 18, 2015 at 13:32 | Source: FirstPost

The NDA came to power promising, among other things, freedom from arbitrary tax demands, especially those appliedretrospectively. Finance Minister Arun Jaitley has repeatedly promised an end to tax terrorism from many fora. One presumes these promise...

India's export crash in March is not a one-off; there are no quick-fixes for this

Apr 18, 2015 at 12:27 | Source: FirstPost

The precipitate drop in exports during March 2015 by 21 percent is a confirmation of three things: First, the February revival in factory output, as indicated by the 5 percent rise in the Index of Industrial Production (IIP), is unlikely to be repeat...

Tall claims and jibes: Modi's three-nation tour showed weakness, not strength

Apr 18, 2015 at 11:35 | Source: FirstPost

It is most unfortunate that Prime Minister Narendra Modi has chosen to break convention by severely criticizing previous governments on foreign soil. In global diplomacy this is not done. You will never hear US President Obama attacking his predecess...

What TCS massive bonus shows: Software's T-Rex is facing the downside of size

Apr 18, 2015 at 10:30 | Source: FirstPost

Tata Consultancy Services' (TCS's) massive bonus of Rs 2,628 crore to employees brought down the profits of India's No 1 software services company by a huge 27 percent. For a company that earns around a billion dollars in profits every quarter - the ...

Tall claims and jibes: Modi's 3-nation tour showed weakness, not strength

Apr 18, 2015 at 10:15 | Source: FirstPost

It is most unfortunate that Prime Minister Narendra Modi has chosen to break convention by severely criticizing previous governments on foreign soil. In global diplomacy this is not done. You will never hear US President Obama attacking his predecess...

Tall claims, political jibes: Modi's foreign jaunts now show weakness not strength

Apr 18, 2015 at 08:46 | Source: FirstPost

It is most unfortunate that Prime Minister Narendra Modi has chosen to break convention by severely criticizing previous governments on foreign soil. In global diplomacy this is not done. You will never hear US President Obama attacking his predecess...

G20 warns of financial volatility risk as central banks diverge| Reuters

Apr 18, 2015 at 04:45 | Source: FirstPost

WASHINGTON (Reuters) - The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways."In an environment of diverging monet...

Exclusive - Anadarko considers selling Mozambique gas assets to Exxon| Reuters

Apr 18, 2015 at 04:15 | Source: FirstPost

MILAN/LONDON/SINGAPORE (Reuters) - Anadarko Petroleum (APC.N) is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil (XOM.N) and Qatar Petroleum [QATPE.UL] both showing interest, banking and industr...

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